EliteTrader101

TVIX breakout

Long
NASDAQ:TVIX   None
Its been frustrating trying to go long TVIX, but we are finally seeing the increasing volume needed to sustain this breakout. There are a lot of buy stop orders building and once triggered, there will be a big rush to buy to cover and buy to go long. Target is between $4-5, depending on where the SPY will be.
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